Piper Sandler downgraded Amalgamated Financial (AMAL) to Underweight from Neutral with a price target of $27, down from $34. The Wall Street Journal reported that President Trump is expected to sign an executive order intended to pressure banks perceived to discriminate against conservatives and crypto companies, the analyst tells investors in a research note. Piper says Amalgamated is widely known as a bank of Democratic party and player in the green space. The firm cites concerns that the bank will become a target of regulators following the executive order for the downgrade to Underweight.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMAL:
- Amalgamated Financial downgraded to Underweight from Neutral at Piper Sandler
- Amalgamated Financial Corp. Reports Strong Q2 2025 Results
- Amalgamated Financial’s Earnings Call Highlights Growth and Challenges
- Amalgamated Bank Reports Strong Q2 2025 Results
- Amalgamated Financial reports Q2 core EPS 88c vs. 88c in Q1